SQS Software Quality Systems AG Regulatory News (SQS)

13 Aug 2008 12:36



13 August 2008

SQS Software Quality Systems AG 

("SQS" or the "Company")

Completion of Acquisitions and Additional Listing

SQS (AIM: SQS.L), the global leader in independent software testing and quality management services, confirms it has completed the acquisitions of Validate Technology Svenska AB ("Validate") and VeriSoft Infoservices ("VeriSoft"), which were announced on 11 June and 16 June respectively. 

As part of the initial consideration for Validate, 1,221,144 new SQS ordinary shares (the "New Ordinary Shares") have been issued to the vendors. An application has been made for the New Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange and admission is expected on 19 August 2008. Following admission of the New Ordinary Shares, SQS will have 22,820,253 ordinary shares in issue.

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About SQS

SQS is the global leader in independent software testing and quality management services. SQS consultants design and oversee quality management processes during software and IT systems development and test the resulting products for errors and omissions.

Headquartered in Cologne, Germany, SQS now has more than 1,400 employees across Europe, Asia and in Africa. The Group has a strong presence in Germany (Cologne, Munich, Frankfurt, Stuttgart, Goerlitz and Hamburg) and in the UK (London, Woking, Birmingham, Manchester, Belfast), Ireland, the Netherlands, Switzerland, Austria, Sweden, Norway, Finland, India, Egypt and South Africa. SQS also has a minor stake in an operation in Portugal and a partnership operation in Spain.

With more than 4,800 completed projects under its belt, SQS has a strong customer base including 36 FTSE-100 companies, half of the DAX 30 and nearly a third of the STOXX-50. It supports clients in a wide range of industries, including major corporations such as Deutsche Bank, Deutsche Telekom, Barclays, BP, Boots, Credit Suisse, Volkswagen, and Daimler.

www.sqs-group.com